The director of research, New York at JLL, says L&L and Normandy's acquisition reflects the insatiable demand for this type of product in Midtown South.

The Dow Hotel Company plans to further expand its portfolio of hotels in markets with barriers to new entry and demand drivers such as in Seattle at a time when dozens of new hotels have opened in the past few years.

Setting a new benchmark in the Bayonne area, Capital Realty arranged the sale of 919 apartment units for an out-of-state seller for $130 million.

Relief demands are worse a year later, due to the end of emergency assistance resources such as the hotel voucher program and emergency trailers, and while grants have resumed, more funds are needed.